Green Brick Partners, Inc. $GRBK Shares Sold by GW&K Investment Management LLC

GW&K Investment Management LLC lowered its holdings in Green Brick Partners, Inc. (NASDAQ:GRBK) by 3.2% in the third quarter, HoldingsChannel reports. The firm owned 320,135 shares of the financial services provider’s stock after selling 10,590 shares during the period. GW&K Investment Management LLC’s holdings in Green Brick Partners were worth $23,645,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Osterweis Capital Management Inc. purchased a new position in shares of Green Brick Partners during the 2nd quarter valued at approximately $31,000. Parkside Financial Bank & Trust increased its position in shares of Green Brick Partners by 1,228.6% in the 3rd quarter. Parkside Financial Bank & Trust now owns 465 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 430 shares during the last quarter. SBI Securities Co. Ltd. lifted its position in shares of Green Brick Partners by 40.9% during the second quarter. SBI Securities Co. Ltd. now owns 593 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 172 shares during the last quarter. Federated Hermes Inc. grew its stake in Green Brick Partners by 195.5% in the third quarter. Federated Hermes Inc. now owns 591 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 391 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC bought a new stake in Green Brick Partners in the second quarter valued at about $53,000. 78.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, BTIG Research began coverage on Green Brick Partners in a research report on Monday, December 1st. They issued a “neutral” rating for the company. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $62.00.

Green Brick Partners Price Performance

NASDAQ GRBK opened at $70.16 on Friday. The company has a 50-day moving average price of $72.06 and a two-hundred day moving average price of $69.30. Green Brick Partners, Inc. has a 52 week low of $50.57 and a 52 week high of $80.97. The stock has a market cap of $3.03 billion, a price-to-earnings ratio of 9.11 and a beta of 1.99. The company has a current ratio of 7.57, a quick ratio of 0.63 and a debt-to-equity ratio of 0.20.

Green Brick Partners (NASDAQ:GRBK) last posted its earnings results on Wednesday, February 25th. The financial services provider reported $1.78 EPS for the quarter, beating the consensus estimate of $1.67 by $0.11. Green Brick Partners had a return on equity of 25.35% and a net margin of 17.70%.During the same period in the previous year, the company posted $2.31 EPS. The company’s revenue was down 2.6% compared to the same quarter last year. Analysts forecast that Green Brick Partners, Inc. will post 8.34 EPS for the current year.

Green Brick Partners Profile

Green Brick Partners, Inc (NASDAQ: GRBK) is a Dallas, Texas–based residential homebuilder and land development company. Founded in 2006, the company acquires, develops and sells residential lots and constructs single‐family detached homes, townhomes and multi‐family rental communities. Green Brick Partners also offers master‐planned community development and delivers improved lot ready capability through its funded land development segment.

Operating across key Sun Belt markets, Green Brick Partners serves homebuyers in the Dallas–Fort Worth metroplex, Greater Houston, Austin and the Atlanta metropolitan area.